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POPULAR NEWS
Gold futures tally a fifth straight session climb

Gold futures climbed on Wednesday for a fifth consecutive session, marking another settlement at their highest since March 2013, with strength in U.S. equities failing to pressure prices for the haven metal. "I believe retail investors are pouring into equities, while institutional investors are a little more cautious and seeking safe haven exposure," said Jeff Wright, executive vice president of GoldMining Inc. April gold rose $8.20, or 0.5%, to settle at $1,611.80 an ounce, ahead of the...

Gold futures mark highest settlement in 7 years

Gold futures climbed on Thursday for a sixth consecutive session to log their highest settlement since February 2013. "Coronavirus fears magnetized investors towards safe-haven assets," said Lukman Otunuga, senior research analyst at FXTM. "With the virus outbreak fostering uncertainty, unease and anxiety across the board, gold is set to shine through the chaos." April gold rose $8.70, or 0.5%, to settle at $1,620.50 an ounce. Source: Marketwatch

Gold Holds Above $1,600 on Fears Over Economic Impact of Virus

Gold prices held steady above the key $1,600 mark on Wednesday as an uptick in equities due to a drop in new virus cases was kept in check by fears about the economic fallout of the epidemic. Autocatalyst metal palladium, meanwhile, scaled yet another record peak on a sustained supply shortfall. Spot gold was little changed at $1,601.77 per ounce by 0244 GMT. In the previous session, bullion prices surged 1.3% to their highest since Jan. 8 at $1,605.10. U.S. gold futures were up 0.1% to...

Gold Nears 7-Year Peak on Virus Economic Impact; Palladium Hits Record

Gold climbed towards a seven-year peak on Wednesday as concerns over the global economic impact of the coronavirus epidemic boosted safe-haven interest, while palladium resumed its record rally driven by concerns over a supply shortfall. Spot gold rose 0.5% to $1,609.63 per ounce. The metal jumped to $1,610.72 earlier, its highest since Jan. 8, when gold hit its highest in nearly 7 years. U.S. gold futures rose 0.6% to $1,612.90. Bullion held firm even as European shares hit a fresh record...

Gold Tops $1,600 as Virus Fuels Growth Fears; Palladium's Record

Gold traded near the highest level since 2013 on concerns over the spread of the new coronavirus and how it™s impacting global growth. Palladium continued it™s record-breaking rally. Bullion steadied after surging 1.3% Tuesday™s as Apple Inc.™s warning that the virus and efforts to contain it would have its sales missing forecasts spurred a sell off in stocks. China™s death toll from the disease topped 2,000, while the province at the center of the...

ECB Leaves Benchmark Interest Rate Unchanged at 0% as Expected
Thursday, 25 July 2019 19:03 WIB | FISCAL & MONETARY |Bank Sentral Eropa ECB

At its monetary policy meeting held today, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40%, respectively. Attention now turns to ECB President Mario Draghi's press conference at 12:30 GMT.

With the initial market reaction, the shared currency gathered strength against its peers and was seen trading at 1.1155 against the USD, rising 0.12% on the day. Below are some key takeaways, via Reuters, from the ECB's policy statement.

"ECB expects interest rates to remain at their present or lower levels at least through the first half of 2020, and in any case for as long as necessary to ensure continued sustained convergence of inflation to its aim over the medium term."

"ECB intends to continue reinvesting, in full, principal payments from maturing securities purchased under app for an extended period of time past date when it starts raising interest rates, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation."

"Sees the need for a highly accommodative stance of monetary policy for a prolonged period of time, as inflation rates, both realised and projected, have been persistently below levels that are in line with its aim."

"Stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner."

"If medium-term inflation outlook continues to fall short of its aim, ECB is determined to act, in line with its commitment to symmetry in inflation aim."

"In this context, ECB has tasked relevant Eurosystem committees with examining options, including ways to reinforce its forward guidance on policy rates, mitigating measures, such as design of a tiered system for reserve remuneration, and options for size and composition of potential new net asset purchases."

"President of ECB will comment on considerations underlying these decisions at a press conference starting at 14:30 CET today."

Source : FX Street

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POPULAR NEWS
Gold futures tally a fifth straight session climb

Gold futures climbed on Wednesday for a fifth consecutive session, marking another settlement at their highest since March 2013, with strength in U.S. equities failing to pressure prices for the haven metal. "I believe retail investors are pouring into equities, while institutional investors are a little more cautious and seeking safe haven exposure," said Jeff Wright, executive vice president of GoldMining Inc. April gold rose $8.20, or 0.5%, to settle at $1,611.80 an ounce, ahead of the...

Gold futures mark highest settlement in 7 years

Gold futures climbed on Thursday for a sixth consecutive session to log their highest settlement since February 2013. "Coronavirus fears magnetized investors towards safe-haven assets," said Lukman Otunuga, senior research analyst at FXTM. "With the virus outbreak fostering uncertainty, unease and anxiety across the board, gold is set to shine through the chaos." April gold rose $8.70, or 0.5%, to settle at $1,620.50 an ounce. Source: Marketwatch

Gold Holds Above $1,600 on Fears Over Economic Impact of Virus

Gold prices held steady above the key $1,600 mark on Wednesday as an uptick in equities due to a drop in new virus cases was kept in check by fears about the economic fallout of the epidemic. Autocatalyst metal palladium, meanwhile, scaled yet another record peak on a sustained supply shortfall. Spot gold was little changed at $1,601.77 per ounce by 0244 GMT. In the previous session, bullion prices surged 1.3% to their highest since Jan. 8 at $1,605.10. U.S. gold futures were up 0.1% to...

Gold Nears 7-Year Peak on Virus Economic Impact; Palladium Hits Record

Gold climbed towards a seven-year peak on Wednesday as concerns over the global economic impact of the coronavirus epidemic boosted safe-haven interest, while palladium resumed its record rally driven by concerns over a supply shortfall. Spot gold rose 0.5% to $1,609.63 per ounce. The metal jumped to $1,610.72 earlier, its highest since Jan. 8, when gold hit its highest in nearly 7 years. U.S. gold futures rose 0.6% to $1,612.90. Bullion held firm even as European shares hit a fresh record...

Gold Tops $1,600 as Virus Fuels Growth Fears; Palladium's Record

Gold traded near the highest level since 2013 on concerns over the spread of the new coronavirus and how it™s impacting global growth. Palladium continued it™s record-breaking rally. Bullion steadied after surging 1.3% Tuesday™s as Apple Inc.™s warning that the virus and efforts to contain it would have its sales missing forecasts spurred a sell off in stocks. China™s death toll from the disease topped 2,000, while the province at the center of the...

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